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JPMorgan Says Altcoin-ETF Inflows May Be as High as $14 Billion.
- Source :
- Bloomberg.com; 1/14/2025, pN.PAG-N.PAG, 1p
- Publication Year :
- 2025
-
Abstract
- JPMorgan analysts predict that if approved by the US Securities and Exchange Commission, a new batch of exchange-traded funds focused on alternative cryptocurrencies could attract up to $14 billion in inflows. The proposed Solana ETFs are expected to bring in $3 billion to $6 billion, while XRP funds could gather $4 billion to $8 billion within six to 12 months. Despite Bitcoin remaining the preferred choice for investors, interest in Solana and XRP is anticipated, although the level of demand is uncertain. The industry is seeing a push to make cryptocurrencies more accessible to the masses, with applications for funds tracking various crypto assets being submitted to the SEC. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 182218841